A corporation
A) is a legal entity separate and distinct from its owners
B) is regulated by Canada revenue agency
C) has shareholders who have unlimited liability for the acts of the corporation
D) can only have two owners
E) is not a legal entity
Correct Answer:
Verified
Q133: Ethics
A) are beliefs that separate right from
Q134: In Canada, the national organization that has
Q135: A payment from a proprietorship or partnership
Q136: The accounting principle that requires financial statements
Q137: Accounting is an information and measurement system
Q139: If the liabilities of a business increased
Q140: Profit is another name for
A) the income
Q141: If a business is not being sold
Q142: Revenue is recognized in most businesses
A) when
Q143: The business entity principle
A) requires that sole
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